Press releases and news

OPAP maintains momentum aided by new projects’ rollout

ATHENS, Greece – OPAP S.A. (OPAr.AT, OPAP:GA), the leading gaming operator in Greece, announces its consolidated financial results for the six month period ended June 30 th, 2017, prepared in accordance with International Financial Reporting Standards (IFRS).

Revenues (GGR) increased by 1.4% at €688.5m (H1 2016: €678.8m). Q2 2017 GGR declined mildly by 2.5% at €329.6m (Q2 2016: €338.1m) due in the most part to tough comparables linked with the Euro Cup event in June 2016 and jackpot rollovers in Joker. Excluding Stihima, OPAP’s remaining games marked a meaningful y-o-y increase in Q2 2017, aided by new products’ introduction.

EBITDA at €130.7m (H1 2016: €161.5m) & Q2 2017 EBITDA at €52.2m. Adjusted for one-off litigation provisions of €12.1m, Q2 2017 EBITDA came in at €64.3m lower by 15.6% vs. adjusted Q2 2016 EBITDA of €76.2m (that included a Q1'16 retroactive GGR contribution hike to 35% and one-off income of €6.5m) on the back of development expenses linked with new projects’ implementation.